ITC claim on Motor car



A person who purchase a Motor car for business purpose , He is doing a work contract and A firm is partnership firm and He purchased a Motor car, if he claim input on that car or not?, if any repair and maintenance on that car , if he claim RCM on that expenses or not? please tell me in detail

Total likes : 2 times

 
Reply   
 
"Do the Right Thing...!!!"

He purchased a Motor car, if he claim input on that car or not?

- No. ITC not available.


if any repair and maintenance on that car , if he claim RCM on that expenses or not? 

- No. ITC not available in current scenario.
 
Reply   
 
ACCOUNTS PROFESSIONAL

No ITC on motor car & expense related.

Yes , RCM paid on inward supplies , the ITC can claim
 
Reply   
 

GST Certification Course


Student

INPUT TAX CREDIT ( ITC ) is specifically Blocked u/s 17(5) of the CGST Act 2017 for Motor Vehicles. Hence you cannot claim ITC on Cars. However there are few exceptions.

As far as Repairs and Maintenance are concerned, the ITC on the same is also blocked as clarified in the CGST ( Amendment ) Act 2018.

Total likes : 1 times

 
Reply   
 

no ITC allowed
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU